Project Ship
Software as a Service (SaaS)
B2B SaaS / E-commerce Enablement
Location
USA
Team Size
$130,000
Annual Recurring Revenue
$110,000
Operating Income
Revenue Growth
+28%
Operating Profit Margin
85%
Description
Project Ship is a Shopify app that enables merchants to test different shipping rates & free shipping thresholds to find the most effective solution in terms of price & customer satisfaction. The app eliminates the guesswork for merchants, using a data-driven approach to determine the optimal balance of average order value, conversion rate, and profit per visitor. Unlike other A/B testing apps, Project Ship focuses exclusively on shipping rates, providing granular insights into how different shipping rates and free shipping thresholds affect conversion rates.
Consideration
Asking Price
Accepting Offers
Deal Structure: Asset Deal
Debt Financing Availalbe
$245,000
Pre-approved debt facility from Boopos. No personal guarantees.
Interested?
A detailed Information Memorandum and complete financials are available for this opportunity after signing our NDA. Request the information today!
👉 Request InformationFinancial Highlights
- $130,000 ARR with $110,000 Adjusted EBITDA (85% margin)
- 28% topline growth in the last twelve months, despite industry headwinds
- High ARPU of $90/month with a correspondingly high LTV of $660, demonstrating the significant value creation for customer
- 85%+ Adj. EBITDA margin, driven by streamlined operations and a highly scalable tech stack
Business Highlights
- All merchants are Shopify Plus or Advanced customers with substantial tech budgets, presenting cross-sell opportunities for buyers with other solutions
- Technically sophisticated app with significant potential to add new, innovative features
- Perfect, 5.0-rating on the Shopify app store with highly positive reviews
- Outsourced tech and support team who are fully up to speed and available to continue working with a new owner
- Significant room to gain market share and expand revenue by introducing simple sales and marketing initiatives